Gaming and Leisure Properties (NASDAQ:GLPI) Given New $48.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald lowered Gaming and Leisure Properties’ price target from $52 to $48 while maintaining a “neutral” rating, implying approximately 8.7% upside from the prior close.
• Analyst sentiment remains mixed but leans cautious: GLPI has a consensus “Hold” rating and an average price target of $50.10, based on five Buy and six Hold ratings.
• GLPI reported quarterly EPS of $0.80, in line with estimates, while revenue reached $430.52 million and rose 9% year over year. Institutional investors own approximately 91.14% of the company.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price objective decreased by analysts at Cantor Fitzgerald from $52.00 to $48.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 8.74% from the company's previous close.

Several other analysts have also issued reports on GLPI. Barclays cut their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Stifel Nicolaus cut their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating for the company in a research note on Friday, July 31st. Scotiabank reduced their price target on Gaming and Leisure Properties from $52.00 to $49.00 and set a "sector perform" rating for the company in a report on Thursday, June 18th. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, June 30th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of "Hold" and a consensus price target of $50.10.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $44.14 on Monday. The company's 50 day moving average price is $45.11 and its 200 day moving average price is $46.21. Gaming and Leisure Properties has a 52 week low of $41.17 and a 52 week high of $49.95. The company has a market capitalization of $12.84 billion, a PE ratio of 12.94, a PEG ratio of 1.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.80. The company had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Research analysts expect that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director owned 127,429 shares of the company's stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Danske Bank A S lifted its holdings in Gaming and Leisure Properties by 25.1% in the 2nd quarter. Danske Bank A S now owns 1,013,218 shares of the real estate investment trust's stock worth $45,119,000 after purchasing an additional 203,465 shares during the last quarter. BlackRock Inc. bought a new position in shares of Gaming and Leisure Properties in the second quarter valued at approximately $1,596,811,000. Pallas Capital Advisors LLC bought a new position in shares of Gaming and Leisure Properties in the second quarter valued at approximately $256,000. Deutsche Bank AG acquired a new stake in shares of Gaming and Leisure Properties in the second quarter worth $151,300,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the second quarter worth $319,000. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company's core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source